Catenaa, Tuesday, February 17, 2026-OSL Group on Monday announced the launch of USDGO, a federally regulated US dollar stablecoin designed for institutional settlement and cross-border corporate payments across Asia and global markets.
The Hong Kong-listed digital asset firm said an initial $50 million of USDGO has been minted on the Solana blockchain, with plans to expand to additional networks.
The token is issued by Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, while OSL serves as branding partner and distributor.
USDGO is backed 1:1 by US dollars and high-quality liquid assets, including U.S. Treasuries, and is subject to third-party audits.
The company said the stablecoin is structured to meet standards under the GENIUS Act and is intended to support compliant liquidity management and settlement for enterprises.
OSL said USDGO will target cross-border e-commerce, international trade, financial services and other high-frequency payment use cases.
The stablecoin is built to enable round-the-clock liquidity and stablecoin-to-fiat conversion for corporations, institutions and individual users.
In Hong Kong, distribution will occur through OSL Digital Securities Limited, a licensed virtual asset trading platform operator.
OSL subsidiaries with required regulatory approvals will distribute the token in other jurisdictions.
Anchorage Digital said the product is designed to integrate with regulated financial systems and support institutional treasury operations at scale.
OSL Group trades on the Hong Kong exchange under ticker 863. Anchorage Digital, founded in 2017, operates regulated entities in the United States and Singapore.
